Welcome to the new members of America's most pro-crypto Congress ever... 219+ pro-crypto candidates and counting have now been elected to the House & Senate.
Tonight the crypto voter has spoken decisively - across party lines and in key races across the country. Americans disproportionately care about crypto and want clear rules of the road for digital assets. We look forward to working with the new Congress to deliver it.
Thank you to everyone who stood with crypto today. We did it! #StandWithCrypto
A common TA approach is to start from higher time frames and work down to lower time frames for entries and execution.
For example: Monthly --> W1 --> D1 --> H1 --> M15/M5 etc.
Higher time frames give you the map, intermediate time frames add granularity, and lower time frames are used for entries (in the context of systems like these).
Problems arise if you forget that a setup is originally based on higher time frames.
For example: If you have a D1 setup and you enter it using the M15 for some extra 'precision', don't manage it on the M15 - it's still a D1 setup.
Doing so would be a category error: you're trying to derive trade management signals from your execution time frame.
It often ends up being very noisy. A daily/weekly setup can take days/weeks to play out - why manage it on a significantly lower time frame?
The job of the execution time frame is to execute, not to manage. Once it has done its job, move on.
For trade management, try to stick as closely as possible to the time frame of the original idea. Personally, I like to jump down one major time frame at most (D1 for W1 setups, H4 for D1 setups, and so on). Lots of discretion on this one.
Overall: time frame management will significantly improve your ability to hold trades and let your ideas play out, as opposed to neurotically PnL-watching and managing every single tick after your entry.
This is absolutely priceless. And probably the most frightening clip you'll ever watch on the people in charge of the US economy.
Jared Bernstein is literally the Chair of the Council of Economic Advisers, the main agency advising Biden on economic policy
Here are 10 flaming examples of times Facebook, YouTube & Amazon explicitly said they only passed censorship policies bc they were threatened by the Biden government
i am wrong a fuckton bros, all you need to do is limit downside when you are wrong and size the fuck up when you have high conviction, you only need to be right a few times if you size it properly
strict invalidations & cut when you're wrong
Trading is the best video game in the entire world, infinite levels, maximum difficultly, biggest prize in the world for coming in first.
What more could you possibly want?